Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 9th, 2019
Benefits & Administration
Employees Need Education About Social Security’s Part in Retirement Income
Seventy percent of employees surveyed by the Nationwide Retirement Institute think they are eligible for full Social Security benefits before they actually are. Read more >
HSA Awareness Day Founded to Help Educate Account Holders
WEX Health President Jeff Young says he hopes “to see employers, providers, brokers and advisers dedicate October 15 to encouraging consumers or employees to ask as many questions as possible [about HSAs] ahead of open enrollment.” Read more >
Employees Split Over Controlling Their Assets in Retirement
Nearly three-quarters of workers say income stability is more important than maintaining wealth in retirement, but approximately one-third each chose managing their own assets or managing half of their assets and purchasing a guaranteed income product with the other half. Read more >
MOST READ ARTICLES
1
AT&T Sued Over Calculation of Early Retirement Benefits
2
Congressional Leaders Want SECURE Act Passage in 2019
3
New Lawsuit Highlights Importance of Cybersecurity for Retirement Plans
4
IRS Releases 2019-2020 Priority Guidance Plan
5
DC Plans 3.0 Will Really be Tailored to Individual Situations
Products, Deals and People
Alegeus Introduces Product It Says Will Disrupt the Health Care Market
An Alegeus mobile-first Smart HSA app is on course to deliver an intuitive, personalized, and self-guided account experience for health savings account (HSA) participants. Read more >
Market Mirror

Wednesday, the Dow was up 2.24 points (0.01%) at 25,967.33, the NASDAQ closed 20.44 points (0.26%) lower at 7,943.32, and the S&P 500 was down 4.63 points (0.16%) at 2,879.42. The Russell 2000 decreased 7.34 points (0.46%) to 1,574.97, and the Wilshire 5000 lost 57.51 points (0.19%) to finish at 29.779.61.

 

The price of the 10-year Treasury note was down 9/32, increasing its yield to 2.488%. The price of the 30-year Treasury bond decreased 19/32, bringing its yield up to 2.894%.

Compliance
Eaton Vance Self-Dealing Lawsuit Settled
Though the contention in the lawsuit was over Eaton Vance’s use of mostly proprietary funds in its 401(k) plan, the settlement agreement only calls for a $3.45 million payment and no change to the fund menu. Read more >
Small Talk

ON THIS DATE: In 1926, Americans Richard Byrd and Floyd Bennett became the first men to fly an airplane over the North Pole. In 1955, West Germany joined NATO. In 1960, the U.S. Food and Drug Administration (FDA) approved for sale an oral birth-control pill for the first time. In 1974, the House Judiciary Committee began formal hearings on the impeachment of President Richard Nixon. 1994, Nelson Mandela was chosen to be South Africa’s first black president.

SURVEY SAYS: We covered a survey in which more than two-thirds of employees said noise negatively impacts their concentration levels, productivity and creativity. This week, I’d like to know, does office noise affect your concentration and productivity, and what kind of noise is most distracting? You may respond to this week’s survey by 6 p.m. Pacific time today. Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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